Stock trading can be a high-stakes game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you’re always in the mud You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement within the field. This review will take an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Best Brokerage To Use
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” This idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers and secondly) allowing everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes Best Brokerage To Use
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared towards achieving success. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create an account with your experience and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to connect with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an avenue for small businesses to transition into a larger market because they can access capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trader. When he was 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial profits from their collective years of experience. Timothy Sykes Best Brokerage To Use
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Best Brokerage To Use
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this plan you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. It is in this plan that you are able to create a private profile to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats this could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes Best Brokerage To Use
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. With $74.95 each month and 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all options of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, where customers can select from a variety of videos that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. Some may be more laid back and not very often active, while another might be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items from its online store to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, however they’ll realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to the newcomers. Although the novices might not be as adept at handling trading matters but the experts already know how it works and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Best Brokerage To Use
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Best Brokerage To Use
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Best Brokerage To Use
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.